New Issue: CIBC prices $7.58 million market-linked autocallables tied to Stoxx 50

By Susanna Moon

Chicago, June 19 – Canadian Imperial Bank of Commerce priced $7.58 million of 0% market-linked securities – autocallable with fixed percentage buffered downside due June 5, 2020 linked to the Euro Stoxx 50 index, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 8% if the index closes at or above its initial level on any annual review date.

If the notes are not called, the payout at maturity will be par plus unless the index falls by more than 10%, in which case investors will lose 1% for each 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked securities – autocallable with fixed percentage buffered downside
Underlying index:	Euro Stoxx 50 index
Amount:	$7,583,000
Maturity:	June 5, 2020
Coupon:	0%
Price:	Par
Call:	At par plus 8% per year if index closes at or above its initial level on June 5, 2018, June 5, 2019 or May 29, 2020
Payout at maturity:	Par unless index falls by more than 10%, in which case 1% loss per 1% decline beyond 10%
Initial index level:	3,554.59
Threshold level:	3,199.131, 90% of initial level
Pricing date:	May 31
Settlement date:	June 5
Agent:	Wells Fargo Securities, LLC
Fees:	3%
Cusip:	13605WCZ2

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